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2016

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Forsters has acted on behalf of real estate investment and development advisor, Investra Capital in relation to their joint venture with Apache Capital Partners in respect of the redevelopment of 14 Cumberland Place, Southampton into student accommodation.

Centrepoint is the UK’s leading charity for homeless young people and Sleep Out is one of Centrepoint's flagship fundraising events. Over 2,000 people slept out on 24 November 2016 to raise money for Centrepoint and over 1,000 of those were in London.

Forsters has acted on behalf of HIFML UK Property Fund (HIFML) managed by Aberdeen Asset Management (AAM) in respect of the disposal of the Harlequin Building, 65 Southwark Street, London SE1 for a purchase price in excess of £48 million.

Private Client partner, Catherine Hill will present on the subject of "will planning" at the Cazenove "Your Wealth Matters" seminar. The seminar takes place in Epsom on 12 October 2016, click this link to register.

Forsters has advised British Airways Pension Fund (BAPF) on the purchase of Willenhall Industrial Estate in the West Midlands from CBRE Global Investors. The estate, situated close to Junction 10 of the M6 in the West Midlands, was acquired by BAPF for a purchase price of £18.7 million.

Forsters has advised a fund managed by LaSalle Investment Management (LaSalle) in respect of the acquisition of six public houses for a combined consideration of £17.78 million from funds managed by Aprirose.

The Upper Tribunal ("UT") has handed down its long awaited decision in a number of con-joined appeals concerning the First Tier Tribunal's ("FTT") power to award costs against a party that has acted "unreasonably" under Rule 13.

Forsters' top ranked Corporate team has advised longstanding client Greybull Capital in acquiring the Long Products steel business (renamed as British Steel) from Tata Steel UK, on a deal which completed yesterday.

Forsters has won LawCareers.Net's (LCN) prestigious award for best recruiter (Medium City firm) at a ceremony held at Merchant Taylors' Hall on 19 May. The firm faced competition from other shortlisted firms Bristows, Russell-Cooke Solicitors, Mayer Brown International, RPC, Travers Smith and Wedlake Bell. This was the fourth consecutive year that Forsters had been nominated for an award.

Forsters has advised clients of Rockspring Property Investment Managers on the sale of office building 32 Cornhill, located in the heart of the City of London, for a price of £21 million. The purchaser was a private investor.

Forsters has acted on behalf of clients of Rockspring Property Investment Managers on the acquisition of a Manchester office building from clients of Aberdeen Asset Management for a purchase price of £16.050 million.

Forsters has advised the Hunter UK Retail Trust Fund on its second round of acquisitions, taking total investment to £22 million since the fund's launch last summer. The fund has been seeded with £64 million of equity with investment capacity up to £100 million.

Forsters has advised the Ardstone UK Regional Office Fund, a programmatic venture funded by clients of CBRE Global Investment Partners and managed by Ardstone Capital, on the acquisition of the office headquarters of international law firm Osborne Clarke LLP at 2 Temple Back in Bristol.

Forsters has advised one of the most prominent privately-owned US real estate companies, Related Companies (Related), on its expansion into the UK affordable housing market through the acquisition of a 50% stake in London-based affordable housing provider Pocket Living (Pocket).

Forsters has acted on behalf of HBOS UK Property Fund, managed by Aberdeen Asset Management, on the sale of the long leasehold interest in 192-194 Oxford Street and 26 Market Place, W1 to St George’s Hall Holdings. The purchase price was £44.8 million – a 2.26% yield.

Forsters has advised Gruppo Romeo on the purchase of the freehold of 7 Old Park Lane. The circa 50,000 sq ft freehold property is currently fully let to 24 occupiers and is located in a prime location in Mayfair on the doorstep of Knightsbridge and Belgravia.